Banks

Goldman Sachs autonomous coder pilot marks major AI milestone

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The newest hire at Goldman Sachs isn’t human. The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition’s … Read more

BOE Governor Bailey Warns Banks Against Issuing Own Stablecoins

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(Bloomberg) — Bank of England Governor Andrew Bailey has warned the world’s largest banks against issuing their own stablecoins, setting up a potential clash with President Donald Trump’s administration and its backing of the digital assets. Speaking in an interview with the Times newspaper, Bailey said he “would much rather” banks offer digital versions of … Read more